Blogs

NYMEX Crude Oil: A Market Going Nowhere?

Andy Hecht
Mar 02, 2015

The price of active month NYMEX crude oil is what everyone is focusing on these days, but that price is only a view from thirty thousand feet of what is actually going on in the global oil patch. There is so much more to the price of crude oil,... more

A Look at the Dollar: Prospects for a Continuation of the Trend

Andy Hecht
Mar 02, 2015

The bull market in the dollar continues to power forward. The US dollar index was up 11.97% in 2014. So far this year the greenback is up another 5.16%. The dollar is one of the strongest markets I see out there these days. Fundamentals for the... more

Crude Oil Coiling for a Breakout

Joseph Souhlakis
Feb 27, 2015

Over the past three weeks, April crude oil found a rotational balance range of 4867-to-5505, traveling from the bottom to the top and back to the bottom of that range a few times. However, three times in the last three days, the market traded... more

Seasonality: A Different Approach

Helmut Mueller
Feb 23, 2015

Quite some while ago I showed, in a very simple way, how to overlay 2011, 2012, 2013, and 2014 data in one chart. I created two very simple code snippets to accomplish that.

This time, I want to create a moving average that is also a... more

Natural Gas Attempting a Break from Balance

Joseph Souhlakis
Feb 20, 2015

For eight straight trading days, March natural gas has been contained within a 2665-to-2896 rotational balance range. On Friday, February 20, 2015, the market gapped open higher, above the 2896 eight-day balance high. Although Friday had a... more

Divergence, Part 2

Helmut Mueller
Feb 05, 2015

A couple of months ago we looked into CQG's built-in Divergence Index and how to use it.

Following up on this topic, I want to show a much simpler approach using the Formula Toolbox.

A divergence is when an indicator (here... more

Deflation and Commodity Prices

Andy Hecht
Feb 04, 2015

Commodity prices continue to be in a bear market. Industrial raw material prices have plunged over recent months. The price of crude oil halved since June. Iron ore prices have plummeted, and recently the price of copper dropped below long-term... more

A Follow Up on Copper

Andy Hecht
Feb 02, 2015

In my January 13 article, A Look at the Copper Market, I wrote, "...the support level at $2.72 may become more and more distant in the market's rearview mirror." Since the day I made that statement, the red metal has had a rough time.

... more

Opening Range Breakout System using Super Template

Helmut Mueller
Jan 29, 2015

One of the theories behind Market Profile®* is the opening trading range. This is the high and the low from the first hour of trading. We want to create a trading system around that and use the Super Template to save a lot of time.

... more

March Crude Oil Testing an Important Reference

Joseph Souhlakis
Jan 23, 2015

Over the past four months, crude oil has declined about $50. However, during the past fourteen trading days, March crude oil had been rotating within a 4538-to-5078 balance range. On Friday, January 23, 2015, the market took out the 4538 fourteen... more